Bulletin
Investor Alert
Michael Ashbaugh

The Technical Indicator Archives Subscribe

April 7, 2020, 12:34 p.m. EDT

Market recovery attempt strengthens, S&P 500 knifes toward next test

Focus: Crude oil sustains recovery attempt, Apple reclaims key resistance, Charting pockets of relative sector ‘strength’

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks have extended a respectable rally attempt, rising in the wake of extensive damage.

Against this backdrop, the S&P 500 has knifed within view of its next notable resistance (2,742) from a bullish island reversal to start the second quarter.

Link to MarketWatch's Slice.